Nifty | Bulls are still strong

Bulls are still strong in Nifty till the time 10930 level is intact. The trend is clearly up, every time people think now selling is coming, nifty respecting well to fibo levels. As per our earlier analysis, Reversal zone for Nifty was 10870, from there it fell down till 10557 and then comfortably broke the reversal zone and the trendline. In our earlier analysis we had mentioned that if that zone is broken then there's huge chances of it going towards 11400.